The former co-head of the global investment banking division at Credit Suisse, who went on sabbatical in March, has taken up a new role at an Italian business school and will not return to the bank.

swaps banking
sabbatical for Italian academia

De Vecchi

Luigi de Vecchi, one of Europe’s leading bankers who worked for Credit Suisse in London, was set to return in an “important senior client coverage role”, according to an internal memo at the time.

A source close to Credit Suisse confirmed he has left the bank.

He is now a faculty member at the Rome-based Libera Università Internazionale degli Studi Sociali Guido Carli, according to its website, teaching a course entitled “M&A and Investment Banking”.

Jim Amine was named sole head of the investment banking division business in March. One source close to De Vecchi said that although he was currently managing a course at the university, he might be in line for a leading Italian role at Citigroup.

A person familiar with the situation said De Vecchi is also in talks with a trio of banks regarding an senior international role, partly focusing on Italy, as well potentially joining an independent boutique.

De Vecchi joined Credit Suisse from Goldman Sachs in 2004 and ran its Italian business before becoming co-head of global investment banking in 2009.